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APR and Interest Rates at 0%

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High APR and Interest Rates

How many times have you actually stopped and looked at your APR and interest rates?  Have you noticed that they are not nearly as low as you thought they should be?  Did you find that you were making payments that were more than half interest?  If so, then you should know that you are not alone.  This is very common and there are many reasons for this. 

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The highs explained

If you are wondering what has made your APR and interest rates so high then you will really want to consider the following:

  1. Many low APR and interest rates are introductory in nature.  They will eventually rise and if you read the fine print in the beginning you will see that.
  2. If you do not make your payments on time then your rates will go up.  The fine print on your account will explain that so you should always read that before you sign anything.

If you do not have an interest rate that is locked in then you will see that it may change if the national rates change. 

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Hot Credit Card Offers
Type Brand Annual Fee APR Cashback Bonus Details/Apply
           
The First Progress Platinum Elite MasterCard(R) Secured Credit Card
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* This online application is subject to the terms and conditions as described in the Important Information Section of the application.

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How to get 0% APR and Interest Rates

There are millions of individuals that have started to realize just how much money they are spending on interest rates.  They are tired of begin taken advantage of and throwing their money away.  Because of that, they have started looking for really neat ways to lower their monthly payments.  You can do the same thing.  Just consider the following ideas:

  1. Sign up for credit cards that have 0% APR and interest rates when you carry over a balance from another card.  Pay attention to when this will change so that you know when it may be time to transfer again.
  2. Spend some time looking at your credit score. You may be shocked to see that there could be some mistakes on them that you can have corrected.  When you do this you will be helping yourself get lower credit card interest rates.  Many people do not realize that their credit score really can effect their interest rates.
  3. Find credit cards and checking accounts that will offer you other benefits such as cash back.  While you might not have a 0% interest rates with these cards you will be saving money in other ways. 
  4. Watch the news to see what the interest rates are doing.  You may find that you can hold off on that loan that you were thinking about until the rates have dropped.  If you strike when the rates are low you will be much happier with the results. DontSpendMore.com is a great way for you to research what your options are.  However, you need to know that you should also be paying attention to your credit score.  In fact, this will greatly effect your interest rates.  So, it may be best to get a free credit check each year.  Then, you can determine if there are any mistakes.  If there are, you can have them corrected in order to increase your credit score.  This will really make things easier for you when you are applying for credit for anything.  You will see how helpful this can be and you will want to make it an annual thing.

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